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Smart Cities Market in India 2017 - Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023 - Research and MarketsThe "Smart Cities Market in India - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023" report has been added to Research and Markets' offering. The smart cities market in India to grow at a CAGR of 18.5% during the forecast period. The market is segmented into city types and applications. Smart cities are gaining market traction as there is a compulsive search for land to accommodate more than 7 billion people on the planet. The continued growth in the population, ill-planned cities, overcrowding in developing cities, and lavish lifestyle are resulting in enormous wastage of the natural resources. The loss of natural resources will eventually result in high cost of living, a rise in the level of pollution, and an increase in the crime rates. Thus, the governments in many countries have come up with a concept of smart cities, which will be enabled by the intelligent information and comunication technology. As stated in the report, India is one of the fastest and largest growing markets for smart cities due to the initiatives and the use of technology. The Tier 2 metro cities will have the highest growth rate due to the declaration of government initiatives and private investments from the software providers. Moreover, the Government of India has already planned and mentioned the first 20 smart cities. The market is evolving mainly due to the increasing adoption of Internet and mobile phones and the growing demand for energy-efficient sources to safeguard the Earth's limited resources. These situations have offered tremendous opportunities for the smart cities players across the world to invest hugely in the market and achieve their business goals. Key Topics Covered: 1 Industry Outlook 2 Report Outline 3 Market Snapshot 4 Market Outlook 5 Market Characteristics 6 Applications 7 Cities 8 Vendor Profiles 9 Global Generalist Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/7gprmh/smart_cities
View source version on businesswire.com: http://www.businesswire.com/news/home/20171004006111/en/ |
